Author: Tamazi Donauri

Marietta student is honored with $5,000 award and invitation to the 2023 summit for his work addressing the challenges of a changing world. NEWARK, N.J., Feb. 21, 2023 /PRNewswire/ — Sidney Keys III, 17, of Marietta, Georgia, today was named a 2023 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others. As one of 25 Prudential Emerging Visionary winners, Sidney will receive a $5,000 award to help take his innovation to the next level. He is also invited to attend an all-expenses-paid trip with his parent or guardian to Prudential’s Newark, New Jersey, headquarters for a three-day summit in April where he will receive coaching, skills development…

Yoonie Kim grew up in South Korea, where her parents drove a Hyundai car while she attended a high school bearing the Hyundai name. Years later, she would help convince the automaker to build its electric vehicle plant in Georgia in the state’s biggest economic development victory. In between, she moved to Georgia as part of an international internship for her master’s degree from Hanyang University in Seoul. And then she went on to use what she learned to bring to her adopted state other major Korean companies, including SK Group and SK Battery, LG Hausys and Samsung LED before…

’Infinite Hospitality’ is the slogan of the host country of ITB Berlin 2023 – Events will kick off with the opening press conference and opening gala on 6 March – A wealth of displays and events in hub27, Hall 4.1., Entrance South and throughout the ITB Berlin Convention – Culinary attractions and handicrafts: daily activities on the Georgian stand – Representation devoted to MICE audiences in Hall 3.1The stage is set for Georgia, the host country of ITB Berlin. From 7 to 9 March 2023 at ITB Berlin, the World’s Largest Travel Trade Show, taking as its slogan ’Infinite Hospitality’,…

Demand for residential real estate across Georgia is increasing along with prices on houses and flats, the National Bank of Georgia said in its latest real estate sector study, published on Tuesday. The study has projected supply in the market of the capital city of Tbilisi to “increase significantly in the near future” according to the construction permits issued between 2021-2022. However, it also notes the number of permits issued in the Black Sea city of Batumi has decreased in the wake of “significant risks” posed to tourism by the Covid-19 pandemic. Who are real estate buyers in Georgia? The…

Georgia enjoyed robust growth of around 10 percent in 2022. Reflecting this strong performance, the current account and fiscal deficits narrowed appreciably. While trending downward since the middle of last year, inflation remains elevated. With growth expected to ease this year against the background of unusually high uncertainty, policy priorities include sufficiently tight monetary policy, exchange rate flexibility, and a further building up of fiscal and foreign exchange buffers. With risks to the outlook high, preserving policy credibility is critical. Recent action to amend the National Bank of Georgia (NBG) law to change the NBG’s management structure risks undermining the…

Already known as a crossroads of Europe and Asia, Georgia finds itself at several promising junctures. At a December 2022 meeting with leaders from three other neighboring countries and EU officials in Romania on the subject of green energy development and transmission, Georgia Prime Minister Irakli Garibashvili laid out the reasons why a future filled with sustainability commitments in the green transition might look to his country’s age-old attributes as an advantage. “Georgia’s strategic geographic location makes us a natural bridge between the West and the East, serving as a gateway for eight landlocked countries of South Caucasus and Central…

Turkish businessman Emin Uchar has made a fortune in Nakhchivan, an autonomous Azerbaijani territory between Iran, Turkey, and Armenia. New documents and interviews provide evidence he may have acted as a proxy for the family of autocrat Vasif Talibov, who ruled Nakhchivan for 27 years before resigning on December 21. Across the street from the opera house in the Georgian capital, Tbilisi, well-heeled patrons enjoy local and international cuisine at the upscale Dinehall restaurant, whose motto is “Good food is a human right.” Nearby, a five-star hotel is under construction in partnership with the French hospitality giant Accor. Credit: Screenshot from…

Brussels notes some “progress” toward addressing its conditions for membership candidate status. But no one knows how much will be enough. Georgia’s government says the country has made important progress towards meeting the European Union’s conditions to become a membership candidate, but critics say Brussels’ key demands remain unmet. Last summer, while granting Ukraine and Moldova candidate status, the EU promised Georgia the same only after it met 12 conditions laid out by the European Commission. Half a year later, many acknowledge progress on some reforms, but there is disagreement on whether this will be enough to reverse the previous failure. “There is clearly…

The International Chamber of Commerce (ICC) has today launched a new Centre of Entrepreneurship in Tbilisi, Georgia, to support the business environment for entrepreneurs and small and medium-sized businesses (SMEs) in the country and across the Central Asia and Caucasus region. The new Centre of Entrepreneurship will work with various stakeholders in Georgia and the wider Caucasus region, including local business organisations and academic institutions, to support entrepreneurs and accelerate the transition of small businesses and startups into cross border commerce by providing by high-impact trainings, digital platforms and market opportunities. ICC Georgia Chairman Fady Asly said: “The ICC Tbilisi…

Discovered in Antarctica, it’s one unusually heavy space rock. Antarctica is a wonderland for meteorite hunters. Dark rocks stand out against the pale, snowy landscape and the dry climate helps to preserve them. A team of researchers went searching for meteorites in Antarctica and discovered a rare prize: a jumbo 16.7-pound (7.6 kilogram) meteorite. The meteorite was one of five collected by the researchers, who embarked on the trip in late December. “Size doesn’t necessarily matter when it comes to meteorites, and even tiny micrometeorites can be incredibly scientifically valuable, but of course, finding a big meteorite like this one…